Herbst Company presented the following data at the end of 2019. Note that a number surrounded with ( ) indicates it is expense, loss, or cost. A number without ( ) indicates it is revenue, income or gain.

Net Sales Revenue	$962,500
Cost of Goods Sold	(375,000)
Operating Expenses	(90,000)
Income Tax Rate	25%

Determine the companys Net Income.

Format for the answer: no dollar sign, no thousands separator, no decimal places. Use negative sign to show negative amount. For example, -999999